Wall Street brokerages forecast that Elanco Animal Health (NASDAQ:ELAN) will report earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Elanco Animal Health’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.25. Elanco Animal Health reported earnings of $0.29 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Elanco Animal Health will report full-year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.06 to $1.10. For the next year, analysts anticipate that the company will report earnings of $1.26 per share, with EPS estimates ranging from $1.23 to $1.30. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Elanco Animal Health.
Elanco Animal Health (NASDAQ:ELAN) last issued its earnings results on Tuesday, August 13th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The company had revenue of $781.60 million during the quarter, compared to analyst estimates of $781.49 million. The business’s revenue for the quarter was up 1.5% on a year-over-year basis.
Several hedge funds have recently modified their holdings of ELAN. Ropes Wealth Advisors LLC purchased a new position in shares of Elanco Animal Health during the first quarter valued at $25,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Elanco Animal Health during the first quarter valued at $25,000. Water Island Capital LLC purchased a new position in shares of Elanco Animal Health during the first quarter valued at $27,000. FTB Advisors Inc. purchased a new position in shares of Elanco Animal Health during the first quarter valued at $29,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Elanco Animal Health during the second quarter valued at $32,000.
Shares of NASDAQ ELAN traded up $0.17 during mid-day trading on Friday, reaching $29.36. The company had a trading volume of 3,456,000 shares, compared to its average volume of 5,779,885. The company has a 50-day moving average price of $32.76 and a two-hundred day moving average price of $31.92. Elanco Animal Health has a 1-year low of $28.00 and a 1-year high of $37.61.
About Elanco Animal Health
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